The Old Chinese Proverb 31st October 2016 There must be an old Chinese proverb which goes something like this. When a small stone is thrown into a still pool, the first small ripple may end up as a large wave? You think so? Well for the purpose of this blog we will use it anyway. Some short time ago the Shanghai Gold Exchange (SGE) was set up to allow the Chinese to set their own Yuan denominated gold fix price.